Orthotic Devices Market Size, Share, Growth Report 2032
Orthotic Devices Market By Functionality (Static Orthotic Devices and Dynamic Orthotic Devices), By Product Type (Upper Limb Orthotic Devices, Spinal Orthotic Devices, and Lower Limb Orthotic Devices), By End-User (Hospitals & Clinics, Homecare Settings, and Ambulatory Surgical Centers), and By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2023 - 2030
Category: Medical Device Report Format : PDF
Pages: 234 Report Code: ZMR-7184
Published Date: May-2023 Status : Published
| Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
|---|---|---|---|
| USD 25.2 Billion | USD 30.3 Billion | 11.1% | 2022 |
Table Of Content
- Chapter 1. Preface
- 1.1 Report Description and Scope
- 1.2 Research scope
- 1.3 Research methodology
- 1.3.1 Market Research Type
- 1.3.2 Market research methodology
- Chapter 2. Executive Summary
- 2.1 Global Orthotic Devices Market, (2023 - 2030) (USD Billion)
- 2.2 Global Orthotic Devices Market : snapshot
- Chapter 3. Global Orthotic Devices Market - Industry Analysis
- 3.1 Orthotic Devices Market: Market Dynamics
- 3.2 Market Drivers
- 3.2.1 Rise in cases of degenerative bone & neuromuscular disorders to create huge demand for orthotic devices
- 3.3 Market Restraints
- 3.3.1. Side-effects witnessed due to growing use of products can be detrimental to the growth of the global industry
- 3.4 Market Opportunities
- 3.4.1. Rise in cases of orthopedic disorders to open new growth horizons for the global market
- 3.5 Market Challenges
- 3.5.1. Oscillations in government regulations pertaining to use of orthotic devices can be a big challenge for the global industry
- 3.6 Porter’s Five Forces Analysis
- 3.7 Market Attractiveness Analysis
- 3.7.1 Market attractiveness analysis By Functionality
- 3.7.2 Market attractiveness analysis By Product Type
- 3.7.3 Market attractiveness analysis By End-User
- Chapter 4. Global Orthotic Devices Market- Competitive Landscape
- 4.1 Company market share analysis
- 4.1.1 Global Orthotic Devices Market: company market share, 2022
- 4.2 Strategic development
- 4.2.1 Acquisitions & mergers
- 4.2.2 New Product launches
- 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
- 4.2.4 Research and development and Regional expansion
- 4.3 Price trend analysis
- 4.1 Company market share analysis
- Chapter 5. Global Orthotic Devices Market - Functionality Analysis
- 5.1 Global Orthotic Devices Market overview: By Functionality
- 5.1.1 Global Orthotic Devices Market share, By Functionality, 2022 and 2030
- 5.2 Static Orthotic Devices
- 5.2.1 Global Orthotic Devices Market by Static Orthotic Devices, 2023 - 2030 (USD Billion)
- 5.3 Dynamic Orthotic Devices
- 5.3.1 Global Orthotic Devices Market by Dynamic Orthotic Devices, 2023 - 2030 (USD Billion)
- 5.1 Global Orthotic Devices Market overview: By Functionality
- Chapter 6. Global Orthotic Devices Market - Product Type Analysis
- 6.1 Global Orthotic Devices Market overview: By Product Type
- 6.1.1 Global Orthotic Devices Market share, By Product Type, 2022 and 2030
- 6.2 Upper Limb Orthotic Devices
- 6.2.1 Global Orthotic Devices Market by Upper Limb Orthotic Devices, 2023 - 2030 (USD Billion)
- 6.3 Spinal Orthotic Devices
- 6.3.1 Global Orthotic Devices Market by Spinal Orthotic Devices, 2023 - 2030 (USD Billion)
- 6.4 Lower Limb Orthotic Devices
- 6.4.1 Global Orthotic Devices Market by Lower Limb Orthotic Devices, 2023 - 2030 (USD Billion)
- 6.1 Global Orthotic Devices Market overview: By Product Type
- Chapter 7. Global Orthotic Devices Market - End-User Analysis
- 7.1 Global Orthotic Devices Market overview: By End-User
- 7.1.1 Global Orthotic Devices Market share, By End-User, 2022 and 2030
- 7.2 Hospitals & Clinics
- 7.2.1 Global Orthotic Devices Market by Hospitals & Clinics, 2023 - 2030 (USD Billion)
- 7.3 Homecare Settings
- 7.3.1 Global Orthotic Devices Market by Homecare Settings, 2023 - 2030 (USD Billion)
- 7.4 Ambulatory Surgical Centers
- 7.4.1 Global Orthotic Devices Market by Ambulatory Surgical Centers, 2023 - 2030 (USD Billion)
- 7.1 Global Orthotic Devices Market overview: By End-User
- Chapter 8. Orthotic Devices Market - Regional Analysis
- 8.1 Global Orthotic Devices Market Regional Overview
- 8.2 Global Orthotic Devices Market Share, by Region, 2022 & 2030 (USD Billion)
- 8.3. North America
- 8.3.1 North America Orthotic Devices Market, 2023 - 2030 (USD Billion)
- 8.3.1.1 North America Orthotic Devices Market, by Country, 2023 - 2030 (USD Billion)
- 8.3.1 North America Orthotic Devices Market, 2023 - 2030 (USD Billion)
- 8.4 North America Orthotic Devices Market, by Functionality, 2023 - 2030
- 8.4.1 North America Orthotic Devices Market, by Functionality, 2023 - 2030 (USD Billion)
- 8.5 North America Orthotic Devices Market, by Product Type, 2023 - 2030
- 8.5.1 North America Orthotic Devices Market, by Product Type, 2023 - 2030 (USD Billion)
- 8.6 North America Orthotic Devices Market, by End-User, 2023 - 2030
- 8.6.1 North America Orthotic Devices Market, by End-User, 2023 - 2030 (USD Billion)
- 8.4. Europe
- 8.4.2 Europe Orthotic Devices Market, 2023 - 2030 (USD Billion)
- 8.4.2.1 Europe Orthotic Devices Market, by Country, 2023 - 2030 (USD Billion)
- 8.4.2 Europe Orthotic Devices Market, 2023 - 2030 (USD Billion)
- 8.4 Europe Orthotic Devices Market, by Functionality, 2023 - 2030
- 8.4.1 Europe Orthotic Devices Market, by Functionality, 2023 - 2030 (USD Billion)
- 8.5 Europe Orthotic Devices Market, by Product Type, 2023 - 2030
- 8.5.1 Europe Orthotic Devices Market, by Product Type, 2023 - 2030 (USD Billion)
- 8.6 Europe Orthotic Devices Market, by End-User, 2023 - 2030
- 8.6.1 Europe Orthotic Devices Market, by End-User, 2023 - 2030 (USD Billion)
- 8.5. Asia Pacific
- 8.5.3 Asia Pacific Orthotic Devices Market, 2023 - 2030 (USD Billion)
- 8.5.3.1 Asia Pacific Orthotic Devices Market, by Country, 2023 - 2030 (USD Billion)
- 8.5.3 Asia Pacific Orthotic Devices Market, 2023 - 2030 (USD Billion)
- 8.4 Asia Pacific Orthotic Devices Market, by Functionality, 2023 - 2030
- 8.4.1 Asia Pacific Orthotic Devices Market, by Functionality, 2023 - 2030 (USD Billion)
- 8.5 Asia Pacific Orthotic Devices Market, by Product Type, 2023 - 2030
- 8.5.1 Asia Pacific Orthotic Devices Market, by Product Type, 2023 - 2030 (USD Billion)
- 8.6 Asia Pacific Orthotic Devices Market, by End-User, 2023 - 2030
- 8.6.1 Asia Pacific Orthotic Devices Market, by End-User, 2023 - 2030 (USD Billion)
- 8.6. Latin America
- 8.6.4 Latin America Orthotic Devices Market, 2023 - 2030 (USD Billion)
- 8.6.4.1 Latin America Orthotic Devices Market, by Country, 2023 - 2030 (USD Billion)
- 8.6.4 Latin America Orthotic Devices Market, 2023 - 2030 (USD Billion)
- 8.4 Latin America Orthotic Devices Market, by Functionality, 2023 - 2030
- 8.4.1 Latin America Orthotic Devices Market, by Functionality, 2023 - 2030 (USD Billion)
- 8.5 Latin America Orthotic Devices Market, by Product Type, 2023 - 2030
- 8.5.1 Latin America Orthotic Devices Market, by Product Type, 2023 - 2030 (USD Billion)
- 8.6 Latin America Orthotic Devices Market, by End-User, 2023 - 2030
- 8.6.1 Latin America Orthotic Devices Market, by End-User, 2023 - 2030 (USD Billion)
- 8.7. The Middle-East and Africa
- 8.7.5 The Middle-East and Africa Orthotic Devices Market, 2023 - 2030 (USD Billion)
- 8.7.5.1 The Middle-East and Africa Orthotic Devices Market, by Country, 2023 - 2030 (USD Billion)
- 8.7.5 The Middle-East and Africa Orthotic Devices Market, 2023 - 2030 (USD Billion)
- 8.4 The Middle-East and Africa Orthotic Devices Market, by Functionality, 2023 - 2030
- 8.4.1 The Middle-East and Africa Orthotic Devices Market, by Functionality, 2023 - 2030 (USD Billion)
- 8.5 The Middle-East and Africa Orthotic Devices Market, by Product Type, 2023 - 2030
- 8.5.1 The Middle-East and Africa Orthotic Devices Market, by Product Type, 2023 - 2030 (USD Billion)
- 8.6 The Middle-East and Africa Orthotic Devices Market, by End-User, 2023 - 2030
- 8.6.1 The Middle-East and Africa Orthotic Devices Market, by End-User, 2023 - 2030 (USD Billion)
- Chapter 9. Company Profiles
- 9.1 Hanger Clinic
- 9.1.1 Overview
- 9.1.2 Financials
- 9.1.3 Product Portfolio
- 9.1.4 Business Strategy
- 9.1.5 Recent Developments
- 9.2 Ottobock
- 9.2.1 Overview
- 9.2.2 Financials
- 9.2.3 Product Portfolio
- 9.2.4 Business Strategy
- 9.2.5 Recent Developments
- 9.3 Conwell Medical Co. Ltd
- 9.3.1 Overview
- 9.3.2 Financials
- 9.3.3 Product Portfolio
- 9.3.4 Business Strategy
- 9.3.5 Recent Developments
- 9.4 Boston Orthotics & Prosthetics
- 9.4.1 Overview
- 9.4.2 Financials
- 9.4.3 Product Portfolio
- 9.4.4 Business Strategy
- 9.4.5 Recent Developments
- 9.5 DJO
- 9.5.1 Overview
- 9.5.2 Financials
- 9.5.3 Product Portfolio
- 9.5.4 Business Strategy
- 9.5.5 Recent Developments
- 9.6 Becker Orthopedic
- 9.6.1 Overview
- 9.6.2 Financials
- 9.6.3 Product Portfolio
- 9.6.4 Business Strategy
- 9.6.5 Recent Developments
- 9.7 LeTourneau Prosthetics and Orthotics
- 9.7.1 Overview
- 9.7.2 Financials
- 9.7.3 Product Portfolio
- 9.7.4 Business Strategy
- 9.7.5 Recent Developments
- 9.8 ORTHOMERICA PRODUCTS INC
- 9.8.1 Overview
- 9.8.2 Financials
- 9.8.3 Product Portfolio
- 9.8.4 Business Strategy
- 9.8.5 Recent Developments
- 9.9 Acor Orthopaedic Inc.
- 9.9.1 Overview
- 9.9.2 Financials
- 9.9.3 Product Portfolio
- 9.9.4 Business Strategy
- 9.9.5 Recent Developments
- 9.10 B BOUNDLESS BIOMECHANICAL BRACING INC.
- 9.10.1 Overview
- 9.10.2 Financials
- 9.10.3 Product Portfolio
- 9.10.4 Business Strategy
- 9.10.5 Recent Developments
- 9.11 Steeper Inc
- 9.11.1 Overview
- 9.11.2 Financials
- 9.11.3 Product Portfolio
- 9.11.4 Business Strategy
- 9.11.5 Recent Developments
- 9.12 Fillauer LLC
- 9.12.1 Overview
- 9.12.2 Financials
- 9.12.3 Product Portfolio
- 9.12.4 Business Strategy
- 9.12.5 Recent Developments
- 9.13 Basko Healthcare
- 9.13.1 Overview
- 9.13.2 Financials
- 9.13.3 Product Portfolio
- 9.13.4 Business Strategy
- 9.13.5 Recent Developments
- 9.14 Aetrex Worldwide Inc.
- 9.14.1 Overview
- 9.14.2 Financials
- 9.14.3 Product Portfolio
- 9.14.4 Business Strategy
- 9.14.5 Recent Developments
- 9.15 Allard USA Inc
- 9.15.1 Overview
- 9.15.2 Financials
- 9.15.3 Product Portfolio
- 9.15.4 Business Strategy
- 9.15.5 Recent Developments
- 9.16 Bauerfeind
- 9.16.1 Overview
- 9.16.2 Financials
- 9.16.3 Product Portfolio
- 9.16.4 Business Strategy
- 9.16.5 Recent Developments
- 9.17 Breg Inc LLC
- 9.17.1 Overview
- 9.17.2 Financials
- 9.17.3 Product Portfolio
- 9.17.4 Business Strategy
- 9.17.5 Recent Developments
- 9.18 Aspen Medical Products LLC
- 9.18.1 Overview
- 9.18.2 Financials
- 9.18.3 Product Portfolio
- 9.18.4 Business Strategy
- 9.18.5 Recent Developments
- 9.19 Trulife
- 9.19.1 Overview
- 9.19.2 Financials
- 9.19.3 Product Portfolio
- 9.19.4 Business Strategy
- 9.19.5 Recent Developments
- 9.20 Kinetec Medical Products UK Ltd
- 9.20.1 Overview
- 9.20.2 Financials
- 9.20.3 Product Portfolio
- 9.20.4 Business Strategy
- 9.20.5 Recent Developments
- 9.1 Hanger Clinic
Table Of Figures
- 1. Market research Type
- 2. Market research methodology
- 3. Global Orthotic Devices Market, 2023 - 2030 (USD Billion)
- 4. Porter’s Five Forces Analysis
- 5. Global Orthotic Devices Market attractiveness, By Functionality
- 6. Global Orthotic Devices Market attractiveness, By Product Type
- 7. Global Orthotic Devices Market attractiveness, By End-User
- 8. Global Orthotic Devices Market share by Functionality, 2023 and 2030 (USD Billion)
- 9. Global Orthotic Devices Market by Static Orthotic Devices, 2023 - 2030 (USD Billion)
- 10. Global Orthotic Devices Market by Dynamic Orthotic Devices, 2023 - 2030 (USD Billion)
- 11. Global Orthotic Devices Market share by Product Type, 2023 and 2030 (USD Billion)
- 12. Global Orthotic Devices Market by Upper Limb Orthotic Devices, 2023 - 2030 (USD Billion)
- 13. Global Orthotic Devices Market by Spinal Orthotic Devices, 2023 - 2030 (USD Billion)
- 14. Global Orthotic Devices Market by Lower Limb Orthotic Devices, 2023 - 2030 (USD Billion)
- 15. Global Orthotic Devices Market share by End-User, 2023 and 2030 (USD Billion)
- 16. Global Orthotic Devices Market by Hospitals & Clinics, 2023 - 2030 (USD Billion)
- 17. Global Orthotic Devices Market by Homecare Settings, 2023 - 2030 (USD Billion)
- 18. Global Orthotic Devices Market by Ambulatory Surgical Centers, 2023 - 2030 (USD Billion)
- 19. Global Orthotic Devices Market share, by Region, 2023 and 2030
- 20. North America Orthotic Devices Market, 2023 - 2030 (USD Billion)
- 21. Europe Orthotic Devices Market, 2023 - 2030 (USD Billion)
- 22. Asia Pacific Orthotic Devices Market, 2023 - 2030 (USD Billion)
- 23. Latin America Orthotic Devices Market, 2023 - 2030 (USD Billion)
- 24. The Middle-East and Africa Orthotic Devices Market, 2023 - 2030 (USD Billion)
Table Of Tables
- 1. Global Orthotic Devices Market: Snapshot
- 2. Drivers of the Orthotic Devices Market: impact analysis
- 3. North America Orthotic Devices Market revenue, By Functionality, 2023 - 2030 (USD Billion)
- 4. North America Orthotic Devices Market revenue, By Product Type, 2023 - 2030 (USD Billion)
- 5. North America Orthotic Devices Market revenue, By End-User, 2023 - 2030 (USD Billion)
- 6. U.S. Orthotic Devices Market revenue, By Functionality, 2023 - 2030 (USD Billion)
- 7. U.S. Orthotic Devices Market revenue, By Product Type, 2023 - 2030 (USD Billion)
- 8. U.S. Orthotic Devices Market revenue, By End-User, 2023 - 2030 (USD Billion)
- 9. Canada Orthotic Devices Market revenue, By Functionality, 2023 - 2030 (USD Billion)
- 10. Canada Orthotic Devices Market revenue, By Product Type, 2023 - 2030 (USD Billion)
- 11. Canada Orthotic Devices Market revenue, By End-User, 2023 - 2030 (USD Billion)
- 12. Europe Orthotic Devices Market revenue, By Functionality, 2023 - 2030 (USD Billion)
- 13. Europe Orthotic Devices Market revenue, By Product Type, 2023 - 2030 (USD Billion)
- 14. Europe Orthotic Devices Market revenue, By End-User, 2023 - 2030 (USD Billion)
- 15. Germany Orthotic Devices Market revenue, By Functionality, 2023 - 2030 (USD Billion)
- 16. Germany Orthotic Devices Market revenue, By Product Type, 2023 - 2030 (USD Billion)
- 17. Germany Orthotic Devices Market revenue, By End-User, 2023 - 2030 (USD Billion)
- 18. France Orthotic Devices Market revenue, By Functionality, 2023 - 2030 (USD Billion)
- 19. France Orthotic Devices Market revenue, By Product Type, 2023 - 2030 (USD Billion)
- 20. France Orthotic Devices Market revenue, By End-User, 2023 - 2030 (USD Billion)
- 21. U.K. Orthotic Devices Market revenue, By Functionality, 2023 - 2030 (USD Billion)
- 22. U.K. Orthotic Devices Market revenue, By Product Type, 2023 - 2030 (USD Billion)
- 23. U.K. Orthotic Devices Market revenue, By End-User, 2023 - 2030 (USD Billion)
- 24. Italy Orthotic Devices Market revenue, By Functionality, 2023 - 2030 (USD Billion)
- 25. Italy Orthotic Devices Market revenue, By Product Type, 2023 - 2030 (USD Billion)
- 26. Italy Orthotic Devices Market revenue, By End-User, 2023 - 2030 (USD Billion)
- 27. Spain Orthotic Devices Market revenue, By Functionality, 2023 - 2030 (USD Billion)
- 28. Spain Orthotic Devices Market revenue, By Product Type, 2023 - 2030 (USD Billion)
- 29. Spain Orthotic Devices Market revenue, By End-User, 2023 - 2030 (USD Billion)
- 30. Rest of Europe Orthotic Devices Market revenue, By Functionality, 2023 - 2030 (USD Billion)
- 31. Rest of Europe Orthotic Devices Market revenue, By Product Type, 2023 - 2030 (USD Billion)
- 32. Rest of Europe Orthotic Devices Market revenue, By End-User, 2023 - 2030 (USD Billion)
- 33. Asia Pacific Orthotic Devices Market revenue, By Functionality, 2023 - 2030 (USD Billion)
- 34. Asia Pacific Orthotic Devices Market revenue, By Product Type, 2023 - 2030 (USD Billion)
- 35. Asia Pacific Orthotic Devices Market revenue, By End-User, 2023 - 2030 (USD Billion)
- 36. China Orthotic Devices Market revenue, By Functionality, 2023 - 2030 (USD Billion)
- 37. China Orthotic Devices Market revenue, By Product Type, 2023 - 2030 (USD Billion)
- 38. China Orthotic Devices Market revenue, By End-User, 2023 - 2030 (USD Billion)
- 39. Japan Orthotic Devices Market revenue, By Functionality, 2023 - 2030 (USD Billion)
- 40. Japan Orthotic Devices Market revenue, By Product Type, 2023 - 2030 (USD Billion)
- 41. Japan Orthotic Devices Market revenue, By End-User, 2023 - 2030 (USD Billion)
- 42. India Orthotic Devices Market revenue, By Functionality, 2023 - 2030 (USD Billion)
- 43. India Orthotic Devices Market revenue, By Product Type, 2023 - 2030 (USD Billion)
- 44. India Orthotic Devices Market revenue, By End-User, 2023 - 2030 (USD Billion)
- 45. South Korea Orthotic Devices Market revenue, By Functionality, 2023 - 2030 (USD Billion)
- 46. South Korea Orthotic Devices Market revenue, By Product Type, 2023 - 2030 (USD Billion)
- 47. South Korea Orthotic Devices Market revenue, By End-User, 2023 - 2030 (USD Billion)
- 48. South-East Asia Orthotic Devices Market revenue, By Functionality, 2023 - 2030 (USD Billion)
- 49. South-East Asia Orthotic Devices Market revenue, By Product Type, 2023 - 2030 (USD Billion)
- 50. South-East Asia Orthotic Devices Market revenue, By End-User, 2023 - 2030 (USD Billion)
- 51. Rest of Asia Pacific Orthotic Devices Market revenue, By Functionality, 2023 - 2030 (USD Billion)
- 52. Rest of Asia Pacific Orthotic Devices Market revenue, By Product Type, 2023 - 2030 (USD Billion)
- 53. Rest of Asia Pacific Orthotic Devices Market revenue, By End-User, 2023 - 2030 (USD Billion)
- 54. Latin America Orthotic Devices Market revenue, By Functionality, 2023 - 2030 (USD Billion)
- 55. Latin America Orthotic Devices Market revenue, By Product Type, 2023 - 2030 (USD Billion)
- 56. Latin America Orthotic Devices Market revenue, By End-User, 2023 - 2030 (USD Billion)
- 57. Brazil Orthotic Devices Market revenue, By Functionality, 2023 - 2030 (USD Billion)
- 58. Brazil Orthotic Devices Market revenue, By Product Type, 2023 - 2030 (USD Billion)
- 59. Brazil Orthotic Devices Market revenue, By End-User, 2023 - 2030 (USD Billion)
- 60. Mexico Orthotic Devices Market revenue, By Functionality, 2023 - 2030 (USD Billion)
- 61. Mexico Orthotic Devices Market revenue, By Product Type, 2023 - 2030 (USD Billion)
- 62. Mexico Orthotic Devices Market revenue, By End-User, 2023 - 2030 (USD Billion)
- 63. Rest of Latin America Orthotic Devices Market revenue, By Functionality, 2023 - 2030 (USD Billion)
- 64. Rest of Latin America Orthotic Devices Market revenue, By Product Type, 2023 - 2030 (USD Billion)
- 65. Rest of Latin America Orthotic Devices Market revenue, By End-User, 2023 - 2030 (USD Billion)
- 66. The Middle-East and Africa Orthotic Devices Market revenue, By Functionality, 2023 - 2030 (USD Billion)
- 67. The Middle-East and Africa Orthotic Devices Market revenue, By Product Type, 2023 - 2030 (USD Billion)
- 68. The Middle-East and Africa Orthotic Devices Market revenue, By End-User, 2023 - 2030 (USD Billion)
- 69. GCC Countries Orthotic Devices Market revenue, By Functionality, 2023 - 2030 (USD Billion)
- 70. GCC Countries Orthotic Devices Market revenue, By Product Type, 2023 - 2030 (USD Billion)
- 71. GCC Countries Orthotic Devices Market revenue, By End-User, 2023 - 2030 (USD Billion)
- 72. South Africa Orthotic Devices Market revenue, By Functionality, 2023 - 2030 (USD Billion)
- 73. South Africa Orthotic Devices Market revenue, By Product Type, 2023 - 2030 (USD Billion)
- 74. South Africa Orthotic Devices Market revenue, By End-User, 2023 - 2030 (USD Billion)
- 75. Rest of Middle-East Africa Orthotic Devices Market revenue, By Functionality, 2023 - 2030 (USD Billion)
- 76. Rest of Middle-East Africa Orthotic Devices Market revenue, By Product Type, 2023 - 2030 (USD Billion)
- 77. Rest of Middle-East Africa Orthotic Devices Market revenue, By End-User, 2023 - 2030 (USD Billion)
Methodology
FrequentlyAsked Questions
Orthotic devices find massive use in neuropathy management. These medical devices help in reducing pain and are used in effectively managing patients having spinal cord injuries as well as brachial plexus injuries. Moreover, orthotic equipment is externally applied equipment that is utilized for aiding, mobilizing, and altering skeletal structure as well as neuromuscular systems which are weak, injured, and ineffective.
The global orthotic devices market is projected to expand over 2023-2030 owing to a prominent surge in the aging population prone to chronic disorders such as cerebral palsy will further expedite the growth of the global market. Disorders including degenerative bone disorders and neuromuscular disorders have led to pain in bones, dislocation, and incapacitated patients. This has led to the massive use of orthotic equipment for improving the quality of patient life and providing relief to patients.
According to study, the global orthotic devices market size was $25.2 billion in 2022 and is projected to reach $30.3 billion by the end of 2030.
The global orthotic devices market is anticipated to record a CAGR of nearly 11.1% from 2023 to 2030.
The Asia-Pacific orthotic devices industry is set to register the fastest CAGR over the forecasting period subject to the availability of prompt, effective, and upgraded healthcare services and the presence of strong healthcare infrastructure. Moreover, the presence of key players in the Asia-Pacific zone and favorable public, as well as private reimbursement schemes, will further augment the regional market surge.
The global orthotic devices market is led by industry players such as Hanger Clinic, Ottobock, Conwell Medical Co., Ltd, Boston Orthotics & Prosthetics, DJO, Becker Orthopedic, LeTourneau Prosthetics and Orthotics, ORTHOMERICA PRODUCTS, INC, Acor Orthopaedic, Inc., B BOUNDLESS BIOMECHANICAL BRACING INC., Steeper Inc, Fillauer LLC, Basko Healthcare, Aetrex Worldwide, Inc., Allard USA Inc, Bauerfeind, Breg, Inc, LLC, Aspen Medical Products, LLC, Trulife, and Kinetec Medical Products UK Ltd.
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